ASICMINER: Entering the Future of ASIC Mining by Inventing It

[gogxmagog]

I tend to give AM a hard time due to my experiences with them, but I really do hope they can release a good product this time. I like the idea of AM they just need to fix a few things. I just do not get why they can not get a Marketing guy and some support setup for their products. Most companies struggle with making a product and the others parts are simple. AM has the exact opposite problems..

+1 on that!
I chalk it up to a combination of two factors making it a very hard thing to do;
Language barrier
And social/professional barrier.
These are niche tech guys in a start up. They probably don't know how to navigate the business support end of things, even who to ask or where to start. They are probably more worried about leaking info than pitching woo to shareholders. Maybe.
Could all be part of the death of the small miner consumer... They are restructuring?
You see, they would need to go over many fine details with a pr team that speaks native tounge, then get that translated, also seo and that kind of stuff... Asia and western is all different too.

[jdany]

I would love to run their operations for 6 months and get them straightened out.
AM is a venturist's wet dream.

[silverfuture]

I tend to give AM a hard time due to my experiences with them, but I really do hope they can release a good product this time. I like the idea of AM they just need to fix a few things. I just do not get why they can not get a Marketing guy and some support setup for their products. Most companies struggle with making a product and the others parts are simple. AM has the exact opposite problems..

+1 on that!
I chalk it up to a combination of two factors making it a very hard thing to do;
Language barrier
And social/professional barrier.
These are niche tech guys in a start up. They probably don't know how to navigate the business support end of things, even who to ask or where to start. They are probably more worried about leaking info than pitching woo to shareholders. Maybe.
Could all be part of the death of the small miner consumer... They are restructuring?
You see, they would need to go over many fine details with a pr team that speaks native tounge, then get that translated, also seo and that kind of stuff... Asia and western is all different too.

 I disagree with the idea AM should still be making products for general consumption. PR and marketing are expensive and require high levels of trust and proven competency. We saw the headaches created in the Prisma venture and it doesn't seem to be necessary anymore.   They can avoid shipping, repairs, etc, etc by building the cloud mining and self mining operations and avoid a ton of headaches.  They need to carry through on the immersion tanks filled with Gen 4 chips and get as many new chips mining away as fast as possible to generate the highest potential profit out of each chip. Self mine as they offer to sell the hashs through a few a few main channels. You don't need much marketing or PR to sell potentially profitable hash rates.  Concentrate fully on where you find success in your business is a good rule of thumb and I'd say so far they are doing much better with cloud mining than marketing and manufacturing products.

[gogxmagog]

Ultimately they should just sell chips. But who's buying. AMHash? I'd be pretty happy if they self mine for a while. Divs are really sorely missed

[Mabsark]

Ultimately they should just sell chips. But who's buying. AMHash? I'd be pretty happy if they self mine for a while. Divs are really sorely missed

Why would AMHash be buying? They are ASICMiner.

[btcbot]

 I disagree with the idea AM should still be making products for general consumption. PR and marketing are expensive and require high levels of trust and proven competency. We saw the headaches created in the Prisma venture and it doesn't seem to be necessary anymore.   They can avoid shipping, repairs, etc, etc by building the cloud mining and self mining operations and avoid a ton of headaches.  They need to carry through on the immersion tanks filled with Gen 4 chips and get as many new chips mining away as fast as possible to generate the highest potential profit out of each chip. Self mine as they offer to sell the hashs through a few a few main channels. You don't need much marketing or PR to sell potentially profitable hash rates.  Concentrate fully on where you find success in your business is a good rule of thumb and I'd say so far they are doing much better with cloud mining than marketing and manufacturing products.

I agree...  let's not forget leasing, too - another successful, if mysterious, part of the AM story.  I suspect that a lot of the coins coming through:

https://blockchain.info/address/3MkwFfGNQDve7vz1z6gUDVxkuQpcSV3Mz8

Are coins produced by leasing arrangements. 

[Blazed]

Ultimately they should just sell chips. But who's buying. AMHash? I'd be pretty happy if they self mine for a while. Divs are really sorely missed

Why would AMHash be buying? They are ASICMiner.

I am sure Rockminer gets a nice cut..my guess anyways.

[Mabsark]

I am sure Rockminer gets a nice cut..my guess anyways.

They said they get commission but I've no idea how much.

I've just been looking at the sales of AMHash. About 3,400 BTC worth have sold so far over the past 2 months, with the vast majority of sales occurring in the past 13 days. That includes those sold directly and on Havelock but not the 0.32 Ph/s that Hashie are selling. Also, the price of the first IPO was 0.00125 BTC which I think sold about 0.3 Ph/s which was then lowered to 0.0012 BTC for the rest of the sales. The figure doesn't take that into account, nor the Christmas bonus hash rate either. That's around 1.1 million USD.  

[Blazed]

I wonder what sort of profit margin AM has after paying for the electric and RM's commission? 1 million is a pretty good amount of cloud mining plus the hosting fees.. I would assume AM has to be approaching cash positive again.

[prophetx]

how is this "stock" doing?

[gogxmagog]

Ultimately they should just sell chips. But who's buying. AMHash? I'd be pretty happy if they self mine for a while. Divs are really sorely missed

Why would AMHash be buying? They are ASICMiner.

Yeah that is the confusing part of this. Seems like AM shareholders are getting the shaft so that AM can sell hash rate to new customers. How is AM supposed to turn a profit that will reach thier original backers?
When will we see a financial breakdown of how this is supposed to work? When will we see any financials?
Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to? Why pay investors when you can re sell what you already sold them to someone else?
Please tell me I am way off here and prove me wrong...

[jimmothy]

Ultimately they should just sell chips. But who's buying. AMHash? I'd be pretty happy if they self mine for a while. Divs are really sorely missed

Why would AMHash be buying? They are ASICMiner.

Yeah that is the confusing part of this. Seems like AM shareholders are getting the shaft so that AM can sell hash rate to new customers. How is AM supposed to turn a profit that will reach thier original backers?
When will we see a financial breakdown of how this is supposed to work? When will we see any financials?
Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to? Why pay investors when you can re sell what you already sold them to someone else?
Please tell me I am way off here and prove me wrong...

You are way off.

AMhash is not an umbrella company, it's just a vehicle for selling hardware.

[drasted]

You are way off.

AMhash is not an umbrella company, it's just a vehicle for selling hardware.

You misread what he said.

Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to?

[Mabsark]

Yeah that is the confusing part of this. Seems like AM shareholders are getting the shaft so that AM can sell hash rate to new customers. How is AM supposed to turn a profit that will reach thier original backers?
When will we see a financial breakdown of how this is supposed to work? When will we see any financials?
Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to? Why pay investors when you can re sell what you already sold them to someone else?
Please tell me I am way off here and prove me wrong...

I don't see what's supposed to be confusing. AM sell Prismas for 1.39 BTC per Prisma. AM sells AMHash for 1.68 BTC per Prisma. Like I said, AM have sold about 1 million USD worth of AMHash in the past 2 months. Are you saying AM should just self-mine, pay out divs and be underfunded for BE300 production? I don't really understand what you're trying to say.

Jutarul recently said that the financials are being prepared so we should see them soon. As for creating another umbrella company, what umbrella company already exists?

[gogxmagog]

Yeah that is the confusing part of this. Seems like AM shareholders are getting the shaft so that AM can sell hash rate to new customers. How is AM supposed to turn a profit that will reach thier original backers?
When will we see a financial breakdown of how this is supposed to work? When will we see any financials?
Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to? Why pay investors when you can re sell what you already sold them to someone else?
Please tell me I am way off here and prove me wrong...

I don't see what's supposed to be confusing. AM sell Prismas for 1.39 BTC per Prisma. AM sells AMHash for 1.68 BTC per Prisma. Like I said, AM have sold about 1 million USD worth of AMHash in the past 2 months. Are you saying AM should just self-mine, pay out divs and be underfunded for BE300 production? I don't really understand what you're trying to say.

Jutarul recently said that the financials are being prepared so we should see them soon. As for creating another umbrella company, what umbrella company already exists?

What I'm trying to say is I would like to see some financials so I know where the money is going and don't have to make fatalistic, paranoid guesses based on the negligible info gleaned here. It's frustrating, and has been a frustrating year all round. Seems like anything I have touched has turned to crapola. Oh well, year is almost done.
And thanks btw, honestly. You cleared that up nicely for me. Sorry I ragged out there.

[jjdub7]

You are way off.

AMhash is not an umbrella company, it's just a vehicle for selling hardware.

You misread what he said.

Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to?

AMhash is a JV?

And yes, exactly, there's a difference between vertically-integrated firms and umbrella companies (though the distinction is merely technical at times).

[Blazed]

No one knows who is making what. Unless I missed something AM has not clearly said what part of the profit is for them or RM. It is all speculation until they actually give you some info. I would hope that with selling so much AMHash they are cash positive by now or something is really off.

[btcapparel]

Were your shares confirmed in the dividend recently?

yeah i got a payout from FC

[btcapparel]

Hi guys

Can anyone help, I requested a transfer of my direct AM shares to havelock at the back end of October and still nothing in my Havelock account

Anyone else had the same problem and what can I do to resolve it

Many thanks

Please submit again following the instructions @:

https://www.havelockinvestments.com/fund.php?symbol=AM1

resent, and I agree with the guy about the idea of getting a notification when the transfer has gone through, resent the request last Monday and not heard anything since

Many thanks

[explorer]

No one knows who is making what. Unless I missed something AM has not clearly said what part of the profit is for them or RM. It is all speculation until they actually give you some info. I would hope that with selling so much AMHash they are cash positive by now or something is really off.

Not to mention mining since mid July... and the 'not needing to worry about selling BTC for some time' statement.  There's gotta be some cash AND BTC on the books somewhere.